At 0907ET, someone decided it was the perfect time to dump $1.5 billion notional worth of gold, smashing the precious metal below its 200-day moving-average and back down to 4-month lows...

 

And so, once again, gold futures are tumbling...

 

To 4-month lows...but still up around 10% year-to-date...

 

What's driving the gold weakness? Who knows... because it's not the dollar...

 

Though Gold's sensitivity to USDJPY has picked up notably...